According to data released by Eurostat, electricity prices in Cyprus increased by 21% year-on-year within one year after the power plant was damaged by a naval base explosion in July 2011. During the same period, the average increase in electricity prices across the 27 EU member states was 6.6%. Furthermore, the cost of electricity generation per 100 kilowatt-hours in Cyprus in 2012 saw a 60% increase compared to 2008.
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